Intel Coverage Initiated by Analysts at Imperial Capital (INTC)
Equities research analysts at Imperial Capital initiated coverage on shares of Intel (NASDAQ:INTC) in a research note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $37.00 price target on the stock. Imperial Capital’s target price would indicate a potential upside of 17.50% from the company’s current price.
Shares of Intel (NASDAQ:INTC) traded up 0.77% on Monday, hitting $31.49. The stock had a trading volume of 24,229,960 shares. Intel has a one year low of $21.89 and a one year high of $31.45. The stock has a 50-day moving average of $29.32 and a 200-day moving average of $26.46. The company has a market cap of $156.8 billion and a price-to-earnings ratio of 16.72. Intel also saw a significant drop in short interest during the month of June. As of June 30th, there was short interest totalling 174,354,201 shares, a drop of 4.6% from the June 13th total of 182,825,092 shares. Currently, 3.5% of the shares of the company are sold short. Based on an average daily volume of 33,611,053 shares, the days-to-cover ratio is presently 5.2 days.
Other equities research analysts have also recently issued reports about the stock. Analysts at MKM Partners reiterated a “neutral” rating on shares of Intel in a research note on Monday. Separately, analysts at Zacks upgraded shares of Intel from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 9th. They now have a $37.00 price target on the stock. Finally, analysts at Sanford C. Bernstein upgraded shares of Intel from an “underperform” rating to a “market perform” rating in a research note on Thursday, June 26th. Four analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Intel currently has a consensus rating of “Hold” and a consensus target price of $29.79.
Intel Corporation, incorporated in 1968, designs and manufactures integrated digital technology platforms.
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